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Possible Bearish Inside Day Candle Pattern Detected for Fnb Corp (NYSE:FNB)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Fnb Corp (NYSE:FNB) based on the price action in the company's shares. Today's price range of $13.77 and $13.87 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Fnb Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Fnb Corp has overhead space with shares priced $13.82, or 12.3% below the average consensus analyst price target of $15.75. The stock should find initial support at its 200-day moving average (MA) of $13.71 and further support at its 50-day MA of $13.42.

F.N.B. Corporation is a financial services holding company. The Company, through its subsidiaries, provides a variety of financial services, primarily to consumers and small to medium-sized businesses. F.N.B. subsidiaries operate through a network of offices in Pennsylvania, northern and central Tennessee, and eastern Ohio.

In the past 52 weeks, Fnb Corp share prices have been bracketed by a low of $12.02 and a high of $14.91 and are now at $13.82, 15% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Fnb Corp and will alert subscribers who have FNB in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle fnb corp

Ticker(s): FNB